Blueheath is aiming to raise £15m in cash and woo more customers by applying for a listing on the Alternative Investment Market.
And the online delivered wholesaler said it would not rule out a full listing on the London Stock Exchange if it continues to grow.
The company’s positive attitude to public listing contrasts with others in the food industry who have either dropped out of the stock market or avoided it altogether. They argue exposure to shareholders creates undue pressure to deliver share value at the expense of quality service.
Blueheath chief executive Douglas Gurr said: “Floating shares is a helpful way to raise money for expansion. We hope to get as much as £15m.”
“Secondly, as we’re beginning to target multiple chain accounts and larger independents, the issue for them is that we’re still fairly new to the business. A public listing gives us more credibility.”
He expected to be granted a listing within a month.
And the online delivered wholesaler said it would not rule out a full listing on the London Stock Exchange if it continues to grow.
The company’s positive attitude to public listing contrasts with others in the food industry who have either dropped out of the stock market or avoided it altogether. They argue exposure to shareholders creates undue pressure to deliver share value at the expense of quality service.
Blueheath chief executive Douglas Gurr said: “Floating shares is a helpful way to raise money for expansion. We hope to get as much as £15m.”
“Secondly, as we’re beginning to target multiple chain accounts and larger independents, the issue for them is that we’re still fairly new to the business. A public listing gives us more credibility.”
He expected to be granted a listing within a month.
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